Birkenstock price target raised to $70 from $60 at BTIG

BTIG raised the firm’s price target on Birkenstock (BIRK) to $70 from $60 and keeps a Buy rating on the shares following Q4 results. The firm told investors that Birkenstock issued solid FY25 guidance that points to continued robust growth and margin expansion off already best-in-class levels. BTIG noted that it views the company as a “unique and underappreciated growth story,” capable of delivering strong double digit percent top-line growth with stable to improving margins. The firm concluded that shares of Birkenstock deserve to trade at a premium to peers, citing “strong growth profile” and relatively stable performance.